Erik Isakson/DigitalVision via Getty Images What concerns me is no longer whether Celestica Inc. ( CLS ) is executing well, which it obviously is . My major concern is whether the stock still offers a good setup after the stock price has already reflected the success of that execution. I think what’s more relevant to me is that, while Celestica is no longer a "hidden" AI beneficiary, it’s become a...
Erik Isakson/DigitalVision via Getty Images What concerns me is no longer whether Celestica Inc. ( CLS ) is executing well, which it obviously is . My major concern is whether the stock still offers a good setup after the stock price has already reflected the success of that execution. I think what’s more relevant to me is that, while Celestica is no longer a "hidden" AI beneficiary, it’s become a relatively more "obvious" play on the AI space, and the more interesting reality is that the story has already run its re-rating phase. The reality is that the story has changed, and while the transition from a low-margin EMS model to a hyperscaler-aligned infrastructure model is certainly a real change. So the 28% revenue growth and 56% EPS growth in 2025 are not narrative-dependent; they’re real operating leverage and mix changes. However, those changes are dependent on a single variable, namely, whether or not hyperscaler AI spending continues to be high and uninterrupted. The Business Has Changed, But So Has The Risk Profile The CCS segment now dominates the business , and with that comes the structural shift in hyperscaler exposure. From one perspective, that’s clearly an improvement. Higher margins, better ROICs, deeper relationships with customers, and I’d say that the company has executed nearly flawlessly on that opportunity so far. The build-out in 800G networking, the early days in 1.6T switching, and now the increasing role in AI rack integration all suggest that Celestica is no longer just a hardware box assembler but is increasingly playing a role in value creation. But I still don’t know how to reconcile how much of that is structural and how much is cyclical. Fourth Quarter 2025 Financial Results The management commentary on multi-year visibility and backlog is certainly true, and one that I don’t dismiss. I just don’t know that I think that the market is fully appreciating how closely that’s tied to one macro driver. Hyperscaler capex is historically high ...
Cybersecurity stocks slumped on Friday after a Fortune report raised concern that an Anthropic PBC artificial intelligence model being tested may be used by hackers to skirt current cyber defenses. Shares of CrowdStrike Holdings Inc. , Palo Alto Networks Inc. and Zscaler Inc. dropped more than 5%, while Cloudflare Inc. shed 3.2%. The Global X Cybersecurity ETF fell as much as 6.1%, bringing its de...
Cybersecurity stocks slumped on Friday after a Fortune report raised concern that an Anthropic PBC artificial intelligence model being tested may be used by hackers to skirt current cyber defenses. Shares of CrowdStrike Holdings Inc. , Palo Alto Networks Inc. and Zscaler Inc. dropped more than 5%, while Cloudflare Inc. shed 3.2%. The Global X Cybersecurity ETF fell as much as 6.1%, bringing its decline this year to more than 20%. The report cited a draft blog post that said Anthropic believes the model “poses unprecedented cybersecurity risks.” Fortune said it accessed the draft post via an unsecured and publicly accessible database and reported that an Anthropic spokesperson confirmed that the company is testing a new model and that an error led to the draft being viewable. An Anthropic spokesperson did not immediately respond to a request for comment from Bloomberg. Anthropic’s new model, called Claude Capybara, is being tested by a small group of early access customers, according to the draft blog. Given the model’s capabilities, Anthropic is planning to share results from tests to help cyber firms improve their defenses ahead of its release, the report said. “We think Anthropic is also trying to limit their product being used by hackers,” said Bernstein analyst Peter Weed . “This is good hygiene and a baseline expectation for their product.” Earlier this year, a hacker exploited Anthropic’s chatbot to carry out a series of attacks against Mexican government agencies, which resulted in the theft of sensitive tax and voter information, according to cybersecurity researchers. In response, Anthropic said it investigated the claims, disrupted the activity and banned the accounts involved. Read more: Hacker Used Anthropic’s Claude to Steal Mexican Data Trove It’s not the first time Anthropic has triggered a wave of selling in cybersecurity stocks. Last month the firm announced a new tool that helps scan “codebases for security vulnerabilities and suggests targeted sof...
Sanghwan Kim/iStock via Getty Images The AI data center firm Crusoe announced today that Microsoft ( MSFT ) will lease 900 MW of capacity from its campus in Abilene, Texas, which also serves as the flagship site of the Stargate Project. The new infrastructure will increase the total capacity of the entire site to 2.1 GW. Crusoe expects to start bringing the expansion portion online by mid-2027 to ...
Sanghwan Kim/iStock via Getty Images The AI data center firm Crusoe announced today that Microsoft ( MSFT ) will lease 900 MW of capacity from its campus in Abilene, Texas, which also serves as the flagship site of the Stargate Project. The new infrastructure will increase the total capacity of the entire site to 2.1 GW. Crusoe expects to start bringing the expansion portion online by mid-2027 to support Microsoft's AI workloads. OpenAI ( OPENAI ) and Oracle ( ORCL ) continue to utilize their portion of the 1,000-acre development. Oracle currently leases out eight buildings at the site for use by OpenAI. OpenAI and Oracle decided not to expand their footprint on the site from 1.2 GW to 2 GW. This left the rest of the site open to access for more hyperscalers, such as Microsoft Azure. Crusoe expects the 1.2 GW portion to be fully completed by the end of 2026. Meta Platforms ( META ) was also reportedly in discussions to lease some of the planned expansion. "West Texas has become the Silicon Prairie for AI and the backbone for America's most consequential innovation," said U.S. Congressman Jodey Arrington (R-Texas). "This major expansion of the campus in Abilene by Crusoe and Microsoft is a testament to the hardworking people and pioneering spirit of the Big Country, ensuring America—not China—will lead the next frontier of information technology." "As customer demand for AI continues to grow, Microsoft is focused on ensuring access to reliable and responsible infrastructure at scale," said Noelle Walsh, President, Cloud Operations and Innovation at Microsoft. "Crusoe's Abilene facility reflects the type of large-scale infrastructure that supports next-generation AI while contributing long-term value to the local community." The first eight buildings of Crusoe's data center site alone are expected to increase the City of Abilene's property tax revenue by 32% and Taylor County's by 25%. More on Microsoft Microsoft: Fortress Balance Sheet, Deep Value Microsoft: I'm Poun...
Experts recommend extremely limited use for children under-two amid ‘mounting evidence’ of harmful impact The government has issued new guidance on how much time children below the age of five should spend on screens. Childrens’ relationships with screens have become one of the key struggles of 21st-century parenting, along with the impact of the content that appears on those devices. The guidance...
Experts recommend extremely limited use for children under-two amid ‘mounting evidence’ of harmful impact The government has issued new guidance on how much time children below the age of five should spend on screens. Childrens’ relationships with screens have become one of the key struggles of 21st-century parenting, along with the impact of the content that appears on those devices. The guidance has been developed by a panel led by the children’s commissioner for England, Rachel de Souza, and children’s health expert Prof Russell Viner. Continue reading...
traffic_analyzer Bhaskar Laxminarayan, chief investment officer for Asia and the Middle East at Julius Baer, is making an emphatic case for gold ( GLD ), ( IAU ), ( SGOL ), ( OUNZ ) accumulation despite recent price weakness. “Please accumulate more gold at around current levels,” Laxminarayan said in an interview with CNBC, describing the pullback as a counterintuitive opportunity for investors. ...
traffic_analyzer Bhaskar Laxminarayan, chief investment officer for Asia and the Middle East at Julius Baer, is making an emphatic case for gold ( GLD ), ( IAU ), ( SGOL ), ( OUNZ ) accumulation despite recent price weakness. “Please accumulate more gold at around current levels,” Laxminarayan said in an interview with CNBC, describing the pullback as a counterintuitive opportunity for investors. The strategist attributed gold’s ( XAUUSD:CUR ) recent price decline to forced selling during periods of global uncertainty. When investors needed immediate liquidity amid geopolitical tensions, gold became a go-to source of cash because of its tight spreads and ease of trading. “Assets that were easier to sell or liquidate were gold… that’s partially what’s happened,” Laxminarayan explained, adding that potential supply from Russian sellers following sanctions-era accumulation may also be a factor. Laxminarayan sees gold playing a larger role as the world transitions from a bipolar to a multipolar economic structure, a shift he says has become “much more pronounced since 2025.” He noted that gold is reclaiming ground that cryptocurrency once threatened to take. “In such a scenario, gold ( XAUUSD:CUR ) suddenly comes back because Bitcoin ( BTC-USD ) was supposed to be that replacement,” he said, citing ongoing concerns about regulation and quantum computing as reasons for Bitcoin’s diminished appeal. The CIO emphasized that gold’s ( GLD ) relevance today stems not from its traditional role as an inflation hedge but from broader shifts in global trade and monetary systems. Laxminarayan suggested the world is taking “one step towards” a renewed gold standard as nations build independent financial relationships. For investors looking to act on his recommendation, Laxminarayan prioritizes physical ownership over paper alternatives. “Your number one option is to buy physical bars of gold and store them,” he advised, noting that paper gold products can have uncertain backing. Tra...
Earnings Call Insights: Kopin Corporation (KOPN) Q4 2025 Management View Michael Murray, CEO, President & Chairman, described 2025 as a “truly transformational year,” highlighting $56 million in new capital, expansion of defense programs, and new partnerships. He stated, “our fourth quarter revenues were impacted by the government shutdown and the associated procurement and milestone recognition d...
Earnings Call Insights: Kopin Corporation (KOPN) Q4 2025 Management View Michael Murray, CEO, President & Chairman, described 2025 as a “truly transformational year,” highlighting $56 million in new capital, expansion of defense programs, and new partnerships. He stated, “our fourth quarter revenues were impacted by the government shutdown and the associated procurement and milestone recognition delays were deeper than anticipated.” However, he emphasized that “underlying business fundamentals and long-term growth pipeline remain exceptionally strong,” citing increased defense demand due to geopolitical tensions. Murray detailed the One Kopin initiative, integrating three businesses, and noted the success of their fab-light strategy, which expanded OLED partnerships to U.S. DoD and European suppliers and resulted in a surge in OLED demand. He highlighted the partnership with Theon International, opening access to European, Southeast Asian, and NATO defense markets, with sales already underway: “Sales with Theon have commenced and we are executing on our aggressive 3-year strategic plan for revenue and technology sharing.” Murray reported three new contracts with European customers in Q1 2026 and indicated that the European business could potentially double next year. He also spotlighted growth opportunities in the U.S. drone market through partnerships with Ondas Holdings and Unusual Machines, referencing U.S. Army plans to procure over 1 million drones. The defense sector remains core, with ongoing supply to Thermal Weapon Sight programs and the $22 billion SBMC Army program. Murray stated, “Our IBAS-funded color microLED program is positioned and progressing well,” and noted a $15.4 million award as a “landmark win representing a $1 billion serviceable available market in the United States alone.” Kopin invested in automation, with both phases of the optical automation program now operational, projected to save over $1 million annually. Murray announced, “our Neur...
RomanBabakin/iStock Editorial via Getty Images The European Medicines Agency’s Committee for Medicinal Products for Human Use has adopted a positive opinion regarding approval of a subcutaneous formulation of Sanofi's ( SNY ) Scarlisa (isatuximab) administered via on-body injection. If approved, Scarlisa would become the only oncologic approved in the EU via an on-body injection. Scarlisa is appro...
RomanBabakin/iStock Editorial via Getty Images The European Medicines Agency’s Committee for Medicinal Products for Human Use has adopted a positive opinion regarding approval of a subcutaneous formulation of Sanofi's ( SNY ) Scarlisa (isatuximab) administered via on-body injection. If approved, Scarlisa would become the only oncologic approved in the EU via an on-body injection. Scarlisa is approved for multiple myeloma. More on Sanofi Dupixent's Impact On Sanofi: A Quantitative Projection Of Its Revenue Need Growing EPS And Dividends? Prescribe Sanofi Sanofi: CEO Leaves With Project Rejuvenation Unfinished, But Stock Undervalued Sanofi replaces CEO Paul Hudson, names Belén Garijo as successor Sanofi anticipates profitable growth to continue over at least five years
Getty Images After a bruising March, the S&P 500 now trades at a price-to-earnings multiple below 20x. It’s the first time since last April that U.S. large caps sport a P/E ratio in the teens. What’s more, there has been a safety trade in play for much of the last six months, with large-cap tech trading down and defensive sectors leading (despite some recent volatility). Dividend-payers, specifica...
Getty Images After a bruising March, the S&P 500 now trades at a price-to-earnings multiple below 20x. It’s the first time since last April that U.S. large caps sport a P/E ratio in the teens. What’s more, there has been a safety trade in play for much of the last six months, with large-cap tech trading down and defensive sectors leading (despite some recent volatility). Dividend-payers, specifically, have been faring better. The WisdomTree US LargeCap Dividend Fund ETF ( DLN ) is up 5.4% since my Q3 2025 analysis , outperforming the S&P 500. Today, I am keeping with a "B uy" rating. I see its valuation as more compelling today, while support does appear on the chart. S&P 500 P/E Below 20x Yardeni DLN Outperforming SPX Last 6 Months Stockcharts.com According to the issuer , DLN offers investors exposure to core U.S. large-cap equities from dividend-paying companies and can be used to complement or replace large-cap value or dividend-oriented active and passive strategies. The ETF can also satisfy the demand for growth potential and an income focus. DLN aims to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Large Cap Dividend Index. DLN is a large ETF, now with $5.6 billion in assets under management as of March 26, 2026. That’s up from $5.3 billion at the time of my September 2025 assessment. Its annual expense ratio is moderately low at 28 basis points, while the trailing 12-month dividend yield is 1.9%--about 0.7 percentage points above that of the S&P 500. Share-price momentum has been decent lately—more so on a relative basis than on its own. Posting steady alpha to the SPX in recent months, DLN now ranks No. 3 out of 25 in its Sub Class by Seeking Alpha’s quantitative scoring system. The fund’s risk metrics appear sanguine, particularly its low 8.1 historical realized standard deviation metric. On liquidity , I likewise see solid figures. Average daily volume is close to 200,000 shares, while the median 30-day bid/ask sp...
Despite the fact that spring isn’t often associated with big discounts, Amazon seems keen to turn every season into one filled with savings. Case in point? The retailer is currently hosting a spring sales event , which will run through 2:59AM ET on April 1st. Retailers like Best Buy, Walmart, and Newegg have also hopped aboard the wave of deals, matching many of the offers Amazon is making. Althou...
Despite the fact that spring isn’t often associated with big discounts, Amazon seems keen to turn every season into one filled with savings. Case in point? The retailer is currently hosting a spring sales event , which will run through 2:59AM ET on April 1st. Retailers like Best Buy, Walmart, and Newegg have also hopped aboard the wave of deals, matching many of the offers Amazon is making. Although we’ve already published a post that collects every major deal, regardless of price, this one focuses solely on gadgets priced at $50 or less. As usual, many products meet the criteria, but price alone doesn’t mean they’ll make the cut. We’ve narrowed it down to many of our core categories, including smart speakers, power banks, subscriptions, smart home devices, fast-charging cables, and a few things you might not have realized could improve your life. If you don’t want to spend a ton during Amazon’s annual Big Spring Sale, here are a couple of dozen semi-affordable products that come with our stamp of approval. Govee Smart LED Bulb (four-pack) Govee’s 800-lumen A19 bulbs can be controlled with either your phone or a smart speaker. You can also set the hubless smart bulbs to adjust their brightness and color automatically in time with your music using your phone’s built-in microphone. Where to Buy: $39.99 $26.99 at Amazon $39.99 $26.99 at Govee Xbox Wireless Controller Microsoft’s official Xbox Wireless Controller features a dedicated button for saving clips and screenshots, as well as sharing them online. It also offers Bluetooth support and a USB-C port for charging Microsoft’s play-and-charge rechargeable battery. Where to Buy: $64.99 $49.06 at Amazon $64.99 $49.06 at Walmart (black) Spigen Slim carrying case for Nintendo Switch 2 Spigen’s slim, tough case can hold your Nintendo Switch 2 console and 10 game cartridges. There’s also a pocket for stowing an AirTag or a similar Bluetooth tracker. Where to Buy: $17.99 $10.79 at Amazon (for Prime members) Anker Nano 45W ch...
The stock market was mixed for the week but the Nasdaq and S&P 500 hit new lows as oil prices stayed high and Treasury yields jumped. Arm Holdings shot higher.
The stock market was mixed for the week but the Nasdaq and S&P 500 hit new lows as oil prices stayed high and Treasury yields jumped. Arm Holdings shot higher.